Banking
Track Bank Accounts
See ‘Cash flow forecast’
Bank Accounts are displayed on the Payments, so as they can be selected to direct monies to and from the relevant Bank account.
Multiple Currencies? You can set up bank accounts that model and track foreign currencies. If you do this make sure you go back to the Currencies List and set the commensurate default payment settings. See Payment Defaults for Currency.
To add a Bank Account,
Banking>Bank Accounts>+
Bank Accounts have Actions to allow users to perform the following tasks:
This action directs the user to an EP (Enter Purchases) Document. Users can enter miscellaneous expenses directly from this account onto the General Ledger.
Approve and Edit Deposits to this Bank Account. You can save Deposits as Pending.
Transfer a balance from this account to the selected Account in the General Ledger.
The purpose of this action is to manage GL entries to the Profit and Loss ‘Other Income Accounts’.
The purpose of this action is to manage GL entries from the Profit and Loss ‘Other Expense Accounts’
A consolidated view of monies flowing out of the business
A consolidated view of monies flowing into the business
Last modified 8mo ago